South Korea said to build lithium reserves to aid battery sector Its trade ministry unveiled a plan in March to invest 241.7 billion won over the next three years to build warehouses for storage of critical minerals. Bloomberg News | May 20, 2024 | 9:32 am
Implats seals $500 million black investor deal This will result in black investors holding a 13% interest in the company and the Bafokeng business it acquired last year. Bloomberg News | May 20, 2024 | 9:21 am
Gold miners’ Q1 2024 fundamentals Sector unit profits continued blasting higher on stable production, lower mining costs, and record prevailing gold prices. Adam Hamilton - Zeal Intelligence | May 20, 2024 | 9:15 am
Gold price hits $2,450 on rate cut optimism, geopolitical risks The metal's strength has been linked to central bank purchases, robust demand from Asia and elevated geopolitical tensions. Staff Writer | May 20, 2024 | 8:58 am
Zimbabwe asks miners to ramp up gold output to support new currency Zimbabwe has been accumulating gold reserves at the central bank’s vaults to back the ZiG, short for Zimbabwe Gold. Bloomberg News | May 20, 2024 | 8:21 am
Iron ore price climbs to 3-month high on prospects of improved property demand China announced "historic" steps on Friday to stabilize its property sector. Reuters | May 20, 2024 | 8:16 am
Copper price hits record above $11,000 on bets that shortage looms Several developments in 2024 have emboldened copper bulls and drawn in a rising tide of speculative money. Bloomberg News | May 20, 2024 | 8:09 am
Copper’s record run at risk as US shipments calm speculator frenzy At least 100,000 metric tons of copper are en route to the US CME exchange, Reuters sources say. Reuters | May 20, 2024 | 8:05 am
Clash between mining co-ops in Bolivia leaves one person dead, two injured The incident took place near the Tipuani River, one of the most important gold mining areas in Bolivia. Staff Writer | May 19, 2024 | 8:02 am